Goldman Sachs stock down 4%; David Solomon warns of weak trading

Goldman Sachs shares fell 4% after the bank's CEO, David Solomon, warned that the Wall Street giant faces a $400 million loss due to its exit from the credit card business and a recent slump in trading revenue. Shares of the Wall Street giant fell more than $19 to $470 after Solomon told an industry […]

Goldman Sachs CEO David Solomon predicts Federal reserve won’t make emergency rate cuts

Goldman Sachs CEO David Solomon said the Federal Reserve will not make an emergency interest rate cut before the central bank’s September meeting, despite Monday’s Wall Street sell-off over growing recession risks. “I don’t think we’ll see anything by September.” Solomon said in an interview on Bloomberg’s “The David Rubenstein Show: Peer-to-Peer Conversations.” Goldman Sachs […]

Goldman Sachs CEO David Solomon flew to Paris after ‘banning’ staff from Olympics

Goldman Sachs CEO David Solomon jetted off to Paris this week for the Olympics, just three months after he effectively banned employees from flying to the sporting events at company expense, according to information obtained by The Washington Post. Publicly available flight records show the company’s private luxury jet – a Gulfstream G650ER purchased new […]